Tuesday, January 20, 2009

Just how much is the taxpayer underwriting a foreign bank ? ( And foreign customers ! )

One of the main contributors to the downfall of RBS has been its takeover of Dutch bank ABN/Amro. Indeed the biggest headline goes to the couple of billions ABN lost to a Russian oligarch's firm.

Why isn't ABN/Amro being close down or sold off - or the Dutch tax payer joining us in Gordon Brown's slough of debt ?

Things have gone way beyond the benefit of the doubt.

Update see Alex at the The Financial Crimes for more on how much RBS owes overseas and how Brown has destroyed our economy. ( See you have to consider that all this may be deliberate. )

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